Global mining industry intensify integrate pace

Global mining industry intensify integrate pace

According to the integrated media reported, global commodity trading industry Glencore, the largest listed company is in positive negotiations with the mining company Xstrata merger, at previous Glencore may already holds 34 shares in Xstrata. Once the negotiation success, it will establish a mining giant with market capitalization of more than 800 billion U.S. dollars. It will rank fifth in the global listed mining companies, only following BHP Billiton, CVRD, Rio Tinto and China Shenhua. The new company will control 32% of the global steam coal trade, 15% of the zinc production, and become the world's third largest copper producer. In recent years, manufacturers need to find alternative sources for the depleting mines, and industrial production, the rapid development driven by demand for the metal to rise, global commodity industry to set off an M & A wave. According to Bloomberg statistics, in 2011 the scale of the global mining mergers and acquisitions reached $ 98 billion, an increase of $ 22 billion more than 2010, the average turnover premium can up to 23. The world's mining companies are rich in cash, Citigroup estimates that the industry in 2012 will invest $ 134 billion increase in assets, an increase of 23 over 2010. It is expected the cooperation of Glencore and Xstrata will stimulate more mining companies expand into large-scale through mergers and acquisitions. And industry concentration will be further enhanced.
Construction Central in the guide and encourage support for private enterprises in the implementation of the strategy of going out, "said the overseas investment of domestic enterprises, especially private enterprises is a new topic, with a higher risk. By a variety of ways to build a wide range of personnel system; should draw on the internationally accepted management model, the introduction of the world's most advanced management methods, the implementation of international standardized management certification standards, to speed up the corporate governance structure reform, improve enterprise management level; nurturing business core competitiveness; promote the localization of foreign investment projects.
In addition to their own efforts, the members also called on the government to increase support for efforts to build a risk control system. Actively expanding overseas investment to enhance the international competitiveness of enterprises in China, the China Zhi Gong Dang in foreign investment entities, private enterprises accounted for the largest proportion, but the lack of experience of these private enterprises need government support in all aspects, to provide enterprises a variety of information, financing concessions, including the analysis of the host country's investment environment and fiscal subsidies, risk warning.
 

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